GE sale to Haier complete

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mattl

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Got an update on the sale today -- it is a done deal.

 

 

<blockquote>
"It’s official: GE Appliances, America’s No. 2 white-goods brand, is now a unit of Qingdao Haier, the Chinese manufacturing giant, following the close of the $5.6 billion deal.

What this means for GE, its retail customers and its end users was laid out by the company’s sales general manager Rob Posthauer in the following letter to TWICE:

GE Appliances has become part of the No. 1 major appliances brand in the world.

This is a tremendous opportunity for our business and for our customers. Being part of Haier will open doors to resources and expertise that will enable us to innovate faster, manage our business more efficiently, and serve our customers better.

</blockquote>
We’re proud of our GE heritage and we will take the best of it with us on this journey — with a focus on serving our customers and owners, on developing people, and innovating every day."

 

 

http://www.twice.com/news/appliances/what-s-next-ge-appliances-haier-company/61802
 
I am deeply saddened

Can someone please play TAPS.  

 

I only hope that Haier is looking to expand their mfg capacity in the states and the workers at the appliance park keeps their jobs. 

 

Though the TTI purchase of Hoover was hurtful for the employees, at least they are still supporting the products with parts.  I do hope that Haier continues to support the appliances that are out there.

 
 
Haier also

owns a NY city building. The young son attends university in Philadelphia.
A new US customer service headquarters is in Evansville Indiana.
So the two combined companies are now larger than AB Electrolux, or Whirlpool?
Eh, there are also nice products from LG, and Samsung. I've yet to see anything high end from the Haier line-up. It seems GE is their high end. They'd be smart to keep it, including the hourly employees. Geely automobiles told Volvo to keep running the company the way they have been.
Let's hope it's a repeat with GE.
I have to say, they gave me excellent service out of warranty when my profile dual fule slide in range caught fire. One of the ignitor switches under the power burner knob shorted out. They did not charge me for a service call, and refunded the parts and labor when they saw a photo of the damage. The bezel around the opening melted. My kitchen smelled of burnt wires and plastic for two days. They have retained me as a GE customer. The newer models have a redesigned knob mounting, without a recessed space under them.
 
If I recall right, a few months ago the talk was that Haier would keep GE factories going in the US. Hopefully, they will...and the impact on jobs will be minimal. Only time will tell.

Past this...it would be nice if GE appliances improved under Haier. It would be nice if "friends don't let friends buy GE" became a thing of the past. We will never see the Filter Flo era again--but having a company that has all products highly competitive with Whirlpool would be nice.

In one way, the sale might encourage me to consider GE appliances (not that I'm likely to buy a new appliance). I've been deeply disturbed by General Electrics ability to apparently do well, and yet pay $0 in taxes. I don't know if this is still current; however, it was as of a few years ago. If I--low income during that period--had to pay taxes, so should a rich corporation. And why should I support such a company?
 
John,

the bigger picture is that those who GE employs pay taxes. Their appliance division is the smaller of their core businesses now. GE medical is much larger, Jet engine, and nuclear. That's why Appliance Park has been for sale for some time.
 
A 1970 prediction come true

In 1970 my Ex- Father in law predicted that China will own the United States..... WELL... Here we are
40+ years later,,, He was right... they gain momentum every year,
It boggles the mind why a government would allow this to happen on such a large scale.

All about the $$$$ I suppose. taxes taxes taxes...
For all the families employed by GE. We can only hope the jobs stay here..

He was a true American... Texan... only bought Sears Chrysler and Ford products. Nothing from China was allowed in the house.

6'3 a dominating personality. And more than a little scary, I didn't mind if he called me shorty,
 
Well, that's made it official, then.  It will be a cold day in hell before I buy anything new from GE now.  Just a few years ago, I bought a GE dishwasher for a rental property because it had been made in Appliance Park.  
 
I agree

the Donald sounds more nutty than six months ago. I like Sanders, but losing California is detrimental.
Maybe he will be vice president. I like Liz Warren also, but I doubt Hillary will choose her, not that she even wants it now.
 
Let me get this straight........

the US govt., had a problem with Electrolux becoming a bigger company in the United States by purchasing General Electric's appliance division, BUT they are Ok with GE becoming a CHINESE company???

Is anyone else shaking their heads at this??? WTF???

Haier makes the cheapest shit on the market!!! I am sure that their cost cutting measures will be incorporated into General Electric's design and production of appliances.

What a shame that the United States govt., stopped the sale of an iconic company to one that would've grown bigger in the USA and that produces a quality product!!! Instead they would rather have a company unload more Chinese crap on the American public.

Disgusted, and will only be purchasing Whirlpool branded products from here on out. Good Bye General Electric, it was a nice 100 years!

Mike
 
It occurs to me the problem the government had with Electrolux buying GE's appliance division is that Electrolux had already gobbled up Frigidaire. I guess when it comes to international mergers you only get to choose one item from each column.

 
 
GE sale to Haier....

a friend, upon learning about the GE sale last winter, decided this Spring to buy a new last-of-the-real-GEs fridge for their summer place, as a nod to his loyalty to GE for well over 50 years. When he belatedly discovered that it was actually Made In China he sent it back and bought a WP! Evidently some GE fridges were NOT made at Appliance Park, even before the sale!

We bought a BOL GE TL washer in February for our son and it WAS indeed made at Appliance Park, but I betcha it has some Chinese parts... like the motor maybe? I've been meaning to look.

I too will be a WP buyer henceforth, as the last large US major appliance maker, or Speed Queen, which is not a large concern.
 
Whether we like it or not, it's a global marketplace now.  Electrolux A.B. (Sweden - not a U.S. company either)  was faced with a seemingly insurmountable hurdle to overcome because of GE brand's cooking products market in the U.S.  Consolidating GE into what market Electrolux already has here would have created too narrow of a market thereby taking away competitiveness.   WP faced a similar challenge with their takeover of Maytag in '06 which led to the restructuring of the KitchenAid brand that would no longer offer laundry products.

 

WP, GE, Electrolux, et al,  source parts and labor from all over the world.  Almost no small motors are made in this country anymore as well as electronic boards, plastic parts, etc.  GE sourced their front load washers directly from Little Swan in China.  Their "Right Height" washers and dryers were assembled in KY, but you can bet the farm that many parts were shipped straight from China and still are.  Little Swan Co. was bought out by Midea, another appliance giant in China a couple of years ago so once those supply contracts are settled, Haier will most likely be doing some changing to the GE lineup.
 
>It occurs to me the problem the government had with Electrolux buying GE's appliance division is that Electrolux had already gobbled up Frigidaire. I guess when it comes to international mergers you only get to choose one item from each column.

It may not be "one item from each column" as such. But Electrolux would have had a large chunk of the appliance market.

Indeed, I don't think WP should have been allowed to buy Maytag for this reason.

Customers would certainly have lost choices with Electrolux--Electrolux would have presumably have moved to 1 basic design for a given appliance that would be sold under all Electrolux names. Just like a Maytag is little more than a renamed Whirlpool. So...customers could choose between, say, a GE and Frigidaire DW, but they'd really have been the same appliance.

Although I will say that at least Electrolux has experience with higher market levels than Haier does. Given the current state of GE, even some builder's grade Frigidaire appliances might be better.
 
The rental house I'm in had to have a new refrigerator to replace the approx. 12yr. old GE that had started to make a loud noise. A new GE 18 cu.ft. top-freezer model from Lowes arrived on Memorial Day morning. I looked at the tag, and it says that it was assembled in USA. It actually appears to be better made than the old one.
 
gansky1 is right folks

And I don't like it either but at the end of the day, what can a person do?

Not one nation has a lock on design, engineering or manufacturing these days.

Shareholders want their ROI and stock buybacks.

Customers want it as cheap as possible.

You're a CEO whose business is driven 100% by the above two entities.

What do you do?

Make it "here" and pay US wages, benefits, comply with gov't regulations and hope and pray that there are enough blue blood patriots out there willing to pay the higher price?

Or you saddle up with the rest of the corporate shitters, offshore it to someplace you can't pronounce must less find on a map and make sure it has shelf space in a BIG BOX.

By and large, the average dimwit does not care where, how, or by whom something is made, just so long as it is cheaper than what his buddy paid for it.

Simple as that.

Ugly but true.
 
Sad but true...

I second the above.  We the consumers are to blame for demanding a $100 washer or dishwasher that doesn't last a year.  On the other hand, if everyone had the 'WAIT, I can fix this' attitude toward appliances and other household goods like I think I have, the economy would have ground to a halt in 1993...  
 
I hated to see this happen with all my heart, but like others said, not much you can do. Things change even if we don't like it.

However I won't boycott any GE products as they are still made by American workers, most of whom have been at Appliance Park for years. It's not their fault so I see no need to buy other products just because their parent company is not American.

They seem committed to keeping the brand strong and that makes me happy.
 
Haier & Fisher Paykel

Doesn't Haier own Fisher and Paykel? How has that gone for F&P? Maybe we will see F&P design elements built into the next line of GE machines? That wouldn't be so bad in my opinion...

Just sayin...

Malcolm
 
Good

that if China is committed to US companies. After all, it is US who have helped China recover form their failed communist experiment.
When the 90 percent only have the right to be poor, it never has a good end result.
 

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